ServiceTitan (NASDAQ:TTAN) Director William J.G. Griffith Sells 94,415 Shares

ServiceTitan Inc. (NASDAQ:TTAN) Director William J.G. Griffith sold 94,415 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $63.43, for a total value of $5,988,743.45. Following the transaction, the director directly owned 443,221 shares in the company, valued at $28,113,508.03. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

William J.G. Griffith also recently made the following trade(s):

• On Monday, June 22nd, William J.G. Griffith sold 200 shares of ServiceTitan stock. The shares were sold at an average price of $63.01, for a total transaction of $12,602.00.

ServiceTitan Stock Up 1.3%

TTAN stock opened at $65.03 on Thursday. The company has a 50-day simple moving average of $64.70 and a 200 day simple moving average of $75.96. The company has a market capitalization of $6.20 billion, a P/E ratio of -44.85 and a beta of 0.13. ServiceTitan Inc. has a fifty-two week low of $54.17 and a fifty-two week high of $119.99.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Thursday, June 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The firm had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. During the same quarter last year, the company earned $0.18 EPS. ServiceTitan’s quarterly revenue was up 24.6% on a year-over-year basis. Equities analysts anticipate that ServiceTitan Inc. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTAN shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of ServiceTitan in a report on Wednesday, June 17th. Stifel Nicolaus set a $125.00 price target on ServiceTitan in a research note on Wednesday, May 27th. Canaccord Genuity Group lowered their price target on ServiceTitan from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, May 26th. Finally, Morgan Stanley upped their price objective on ServiceTitan from $118.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.53.

Institutional Trading of ServiceTitan

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of ServiceTitan by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock valued at $518,549,000 after purchasing an additional 439,079 shares during the period. Franklin Resources Inc. lifted its stake in ServiceTitan by 33.8% during the fourth quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock valued at $214,494,000 after buying an additional 508,848 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in ServiceTitan by 47.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock valued at $172,248,000 after buying an additional 519,024 shares in the last quarter. Greenoaks Capital Partners LLC boosted its holdings in shares of ServiceTitan by 20.6% in the fourth quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock worth $165,315,000 after buying an additional 264,926 shares during the period. Finally, Capital International Investors boosted its holdings in shares of ServiceTitan by 23.9% in the fourth quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock worth $130,430,000 after buying an additional 236,287 shares during the period.

ServiceTitan Company Profile

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.